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How many pips a day ?

snapdragon1970 (snapdragon1970)
Nov 17 2018 at 13:59
1944 posts
20-30 pips a day is about normal for eur/usd, although I don't set limits on the amount of pips I make, some trades are 200 pips over a few days, I do control my stops though with most 10-15 pips or less, sometimes I move my stops up to take 50% or 75% all depends on chart pattern ,everyone has their own setup and it takes experience to run a trade to its max ,sometimes you will get it perfect, sometimes you wont.

"They mistook leverage with genius".
FuYating
Nov 22 2018 at 11:27
11 posts
Some days I make 0pips other days -50 pips and some days +50 pips . Measuring daily results is a false target. Will lead to over trading and disappointment

Professional4X
Nov 23 2018 at 09:27
1189 posts
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.

The market will let you know when to enter, how much your trades are worth, and when to get out.

Don't worry about how many PIPS you are going to get each day.






If it looks too good to be true, it's probably a scam! Let the buyer beware.
Paquito
Nov 29 2018 at 13:55
8 posts
pips is meaningless anyway. 1 pip move on USDCHF is s smaller percentage move compared to say 1pip on EURJPY. And profit is also dependent on Lot size. Pro traders don't even talk in pips but percent or $$$

jamesgwyther
Nov 29 2018 at 14:48
289 posts
Paquito posted:
pips is meaningless anyway. 1 pip move on USDCHF is s smaller percentage move compared to say 1pip on EURJPY. And profit is also dependent on Lot size. Pro traders don't even talk in pips but percent or $$$


MOst Pro Traders I know talk in percentages. Rarely in monetary value.

snapdragon1970 (snapdragon1970)
Nov 29 2018 at 17:12
1944 posts
I worked on the professional side and pips were used for Forex but you knew what they were trading, percentages for the index and stocks ,percentages instead of cash values and R values for portfolios.

"They mistook leverage with genius".
DueriCapital (DueriCapital)
Nov 30 2018 at 10:50
1 posts
It totally depends on the trader, the style, and his goals. A person who trades long term trends may have losses for 5 days in a row then hit a big trend. Trying to squeeze out a certain amount of pips per day is not the best way to go about it. Get an edge and trade it regardless of the results.

I'm not special. If I don't work hard, I'll blow out my account.
forza1983
Nov 30 2018 at 10:54
1 posts
Professional4X posted:
In my opinion, the highest priority for any investor is to always protect the investment capital FIRST, everything else is secondary to this.

The market will let you know when to enter, how much your trades are worth, and when to get out.

Don't worry about how many PIPS you are going to get each day.





you deffo right mate

breesean
Nov 30 2018 at 11:02
5 posts
pips work for comparing trading systems... profit per pair varies

nadezhda84
Dec 02 2018 at 09:01
2 posts
My average is ~90 pips per day (position trading).


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